Orica Launches AU$100 Million Cost Reduction Program; Shares Up 7%

MT Newswires Live

May 07

Orica (ASX:ORI) initiated an organization-wide cost reduction program targeting at least AU$100 million in annualized savings over the next three years while maintaining its focus on safety and growth priorities, according to a Thursday filing with the Australian bourse.

The company incurred net restructuring costs of AU$10.9 million associated with the program during the fiscal first half, the filing added. It expects to realize most of the program's benefits from 2027 onwards.

The company's shares rose around 7% in recent Thursday trade.

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It expects to realize most of the program's benefits from 2027 onwards.</p><p>The company's shares rose around 7% in recent Thursday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7017","symbol_name":"商品化工","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2633696198","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633696198","pubTimestamp":1778123204,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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